How to Become a Fraud Investigation Officer
Step 1: Understand the job description and responsibilities of a Fraud Investigation Officer
What does a Fraud Investigation Officer do?
A Fraud Investigation Officer investigates fraudulent/illegal activities perpetrated by customers or employees. Designs and implements programs to prevent such activities and to recover any incurred losses. Being a Fraud Investigation Officer works with local, state and federal authorities with matters relating to fraudulent/illegal activities. Require a bachelor's degree. Additionally, Fraud Investigation Officer typically reports to a manager. To be a Fraud Investigation Officer typically requires 4 to 7 years of related experience. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature.
"As the allegation was only reported to us on Wednesday, our enquiries are at an early stage but specialist officers, including our Economic Crime Unit, are investigating to establish whether any offences have occurred.
It is under the jurisdiction of the Ministry of Corporate Affairs, Government of India & primarily supervised by officers from Indian Corporate Law Service, Indian Administrative Service, Indian Police Service, Indian Revenue Service and other Central Services.
Many additional, Joint and Deputy Director level officers are from ministry ‘s parent cadre, Indian Corporate Law Service.
Step 2: Learn best tips to become a Fraud Investigation Officer
Best tips for those who want to become a Fraud Investigation Officer
Here are some tips to become a Fraud Investigation Officer.
Step 3: View best colleges and universities for Fraud Investigation Officer
Best colleges and universities for Fraud Investigation Officer
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be a Fraud Investigation Officer
Is being a Fraud Investigation Officer Worth it?
The Serious Fraud Investigation Officer is finalising its report into the alleged financial irregularities at sportswear maker Reebok India, a senior government official said Monday.
The fresh investigation follows recommendation given by MCA's Mumbai regional office after inspecting the airline's books.
An investigation determined the Louisville Metro Police Officers Credit Union was insolvent and "had no prospect for restoring viable operations," according to a release from the NCUA.
The role will focus on the fraud risks associated with the client servicing & transaction journey covering all aspects of transactional fraud & fraud….
In order to recover your losses and protect your organization from further fraud, you need to have a robust fraud investigation process in place.
Step 5: Prepare relevant skills for being a Fraud Investigation Officer
What skills do you need to be a Fraud Investigation Officer?
There are skills required to succeed in every role, and this one is no different. Strategic knowledge of the follow skills will be required: Forensic Accounting, Fraud Investigation, Internal Audit, Security Testing and Auditing, Evidence Collection, Law Enforcement Liaison. For success, a grasp of the following is key: Governance, Risk & Compliance Software. Your ability to stand out from the competition depends on these skills, as well as your resume, interview, and other factors.
3+ years of experience in fraud investigation and prevention.
· 2+ years of experience in Customer Service or Investigations Specialist role.
· 1 year of experience relevant to risk management, fraud investigation, or financial analysis.
· Knowledge of credit card processing, payment fraud investigation, prevention techniques, and charge disputes preferred.
Other good Communication skills,Strong internet research, Microsoft Office (including Excel) experience and overall PC skills ,fraud investigation or financial analysis.
Step 6: View average salary for Fraud Investigation Officer
How much does a Fraud Investigation Officer make?
The average salary range for a Fraud Investigation Officer is from $53,756 to $72,039. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Fraud Investigation Officer jobs
- Fraud Investigation Manager
- Fraud Investigation Supervisor
- Credit Card Fraud Investigation Senior Coordinator
- Credit Card Fraud Investigation Coordinator
- Credit Card Fraud Research and Investigation Analyst
- Senior Credit Card Fraud Research and Investigation Analyst
- Credit Card Fraud Investigator
- Credit Card Fraud Investigator, Sr.